Monthly Archives: <span>September 2016</span>

ArgoGlobal Launches Cyber Division; Heaton Named Cyber Class Underwriter

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of its Cyber division with the appointment of Russell Heaton as cyber class underwriter. He takes up his role with immediate effect and reports to Ryan Barnes, head …

Brit Receives Preliminary Approval from Lloyd’s to Launch Syndicate 2988

Brit Ltd., the London-based specialty insurer, has received in principle approval* from the Lloyd’s Franchise Board to launch a new syndicate, Syndicate 2988. The syndicate plans to begin underwriting business attaching on or after January 2017, subject to completion of …

More than 3/4s of UK CEOs Mull Moving Headquarters as Result of Brexit: KPMG

The U.K.’s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of 100 business leaders by the accountancy firm …

Study Finds Few Injuries on Obstacle Course Runs

Obstacle course runs like Tough Mudder and Warrior Dash are becoming more popular and are relatively safe for participants, a Canadian study suggests. Only about 1 percent of participants are injured during these races, and most of the injuries are …

Atlantic Casualty Adds Cindy Aberle as Assistant Vice President – Garage

Scottsdale, AZ, September 26, 2016- Atlantic Casualty Insurance Company has hired Cindy Aberle to develop and manage its new Garage product offered through contracted wholesalers. Aberle, formerly with Century Insurance Company, brings extensive underwriting management and product development experience to …

South Carolina Sees Nearly as Many Opioid Deaths as Traffic Accidents in 2015

Experts are warning about the dangers of opioid and heroin abuse in South Carolina, pointing out that almost as many people die from overdoses of such drugs as are killed in accidents each year on the state’s highways. During a …

SpaceX Explosion Linked to Helium System Breach

SpaceX said Friday that evidence points to a large breach in the rocket’s helium system during a routine prelaunch test that turned into a devastating fireball three weeks ago. The Falcon rocket and a satellite were destroyed in the Sept. …

Florida Residents Near Sinkhole Filled with Fertilizer File Federal Lawsuit

A federal lawsuit was filed late Thursday by three central Florida residents who live near a fertilizer plant where more than 200 million gallons of contaminated wastewater leaked into one of the state’s main underground sources of drinking water. The …

Ponderosa Insurance Introduces Self-Storage Property & Liability Program

Ponderosa Insurance Agency has introduced a self-storage property and liability insurance available directly to U.S. self-storage operators that includes more coverage such as flood and California/Pacific Northwest earthquake. Ponderosa is a subsidiary of Repwest Insurance Company. Together with its signature …

California Wells Fargo Ex-Employees File $2.6B Class Action Against Bank

Two former Wells Fargo & Co. employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or …